EUR/USD – 30M – BUYThe pair Euro/US Dollar (EUR/USD) breaks through the descending trendline up.
An ascending movement up to the next resistance level at 1.05444 is expected.
Caution: A possible counter-trend in the direction of the support zone at 1.03918 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.05502076 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 1.05444 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.06094 |
| 2nd High | 1.05545 |
| Next High | 1.05444 |
| Current Price | 1.04980 |
| Next Low | 1.03918 |
| 2nd Low | 1.03328 |
| 3rd Low |